Asked by Rouriel Noubini, San Ramon, CA • Fri Jul 25, 2008
A wonderful technical analysis article regarding mortgate rate trend: http://www.stocktiming.com/Friday-DailyMarketUpdate.htm.
If average rate jumps from 6% to 6.6%, average purchasing power will be eroded by 10%. The rate will most likely shoot up in near future. If you are re-fi-ing, better do it quick. If you are buying a new house and delivery is scheduled months ahead, better price in risk of future mortage rate hike.
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